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To: herb will who wrote (57723)6/10/1998 10:58:00 AM
From: Francis Chow  Respond to of 186894
 
News URLs June 10, 11:00 am:

IBM to expand custom chip business:
zdii.com

Slow quarter for PC's:
techweb.com

Asian chip sales up in April:
techweb.com

The return of Alpha:
news.com



To: herb will who wrote (57723)6/10/1998 11:01:00 AM
From: Francis Chow  Read Replies (1) | Respond to of 186894
 
I know it is a little early for Chow time but I thought this one needed extra emphasis. The Asian chip industry is beginning to show signs of recovery.

I think it is still trying to find the bottom. The recovery will be
sooner than most people expect, but at the very earliest I don't see
any real (lasting) upturn till late in 1999. Don't forget, even a
growth rate as high is 4% is really a disaster for a market that has
been growing at rates above 50% in the past.